Bitcoin has regained upward momentum, recently surpassing $110,000 and coming within reach of its record high of $111,970. This latest surge follows weeks of trading within a tight range between $100,000 and $110,000, suggesting renewed strength from buyers after a period of consolidation.
🛑In Brief
Bitcoin has climbed above $110,000, approaching its all-time high near $111,970 after weeks of steady trading.
The price has moved out of a descending channel, signaling potential for continued upward momentum.
The Fear and Greed Index rose from 63 yesterday to 73 today, reflecting growing bullish sentiment
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